Manuel prepares his one hectare of farm land to be cultivated and planted with rice crops. According to him, the income generated from his previous harvest was not enough due to some calamities. For this reason, he is asking for financial support from Kiva lenders through ASKI, to provide him with additional working capital to recover his loses from the last crop season.
So he is asking for a loan of PHP 25,000 to buy seeds and fertilizer and to pay for the cost of laborers to prepare his farm plot for planting. He hopes that he will gain more profit this next harvest season so he will be able to educate his three children and improve their way of living.
Manuel hopes and prays that he will acquire more farming skills so as to be able to succeed.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.